The Company is finalizing the definitive documents that will be used to close on the transaction. BAYP expects to have the sales and purchase contracts finished shortly; after execution Bayport will announce the acquisition and release further information on the new domain name and development details.

“I am looking forward to sharing the name and the details of our acquisition to the public. We are extremely excited about how all of our assets will begin to work together to create our aforementioned tech platform,” stated Clay Franks, CEO of Bayport. “Few people realize how important technology will become in the Cannabis industry as it is about to be forced into a binary transition from slightly regulated to extremely regulated. We intend to monetize a suite of products that will ease the transition for the producers and dispensaries that will be our partners.”

Management is currently finalizing the structuring of its new cannabis tech platform, which will be a wholly owned subsidiary of Bayport International Holdings along with www.weedwiser.com

Management will have more news out next week to provide specific details of the new cannabis tech platform once everything is finalized and completed. This will be the latest achievement towards Bayport’s goal of building an ecosystem of cannabis tech platforms that complement each other and provide synergies for the Company.

Bayport International continues to develop its recently announced strategic partnership with GreenLink Financial, which will help BAYP generate revenue and build strong relationships within the cannabis sector.

The Company is extremely excited to participate in the growth in the industry that is expected to benefit from the “recreational” launch in California in January 2018.

California represents the largest population of residents in a single state in the US, but also represents 250 million tourists annually, which will also be curious about California cannabis production.